Thanks for watching everyone! If you found this video interesting, then give it a LIKE to support my channel! Also, you can check out my entire playlist for my brokerage account challenge here: th-cam.com/play/PLscTZuOqKWIyS6LKoVjC_fifTSiwrxdNV.html
@@JakeBroe Jake just found your channel. Can you make some more Investment videos? I suspect dark times ahead.. now that we are in 2024 as you know.. would love to learn about leaps more .. and focus on something that would be helpful to me .. and keep my mind occupied. Thank you Jake !
I remember you making the first video and I scoffed thinking you couldn’t double but clearly you’re good at this. I know it’s extremely speculative but this is so exciting to watch
Haha! Well, I was equally prepared to blow up my account and then make videos about it. I am hoping I can hit 100% gain in my Schwab account this week so I can stop documenting everything. It's been a tad stressful the last 4 months!
i'm going to sound like a 'groupie', I know, but Jake, the quality of your video teaching is outstanding. I think you win the 'Internet All-Comers Trophy'.
I like you channel because you aren't trying to sell anything, but just provide information. I appreciate that very much. I am trying to learn more about shorting and options, but there isn't a lot of Good videos on it.
I always just go with the closest OTM strike price and select an expiration date 4-6 months out. My intention always being to sell to close it before the last 1-2 months.
Here comes another good presentation.I do appreciate your time, honesty,passion,energy and humble enough to share this educative information to all of us.Thank you Jake.
@@yvnnewd9217 I was making money for a short time but gravitated towards trading futures contracts bc it aligns with my lifestyle quite nicely. I plan on coming back to options by doing the wheel strategy sometime in the future tho.
hey jake. you are one of few youtubers with qualitative content. sharp helpful and right on the point. great video as usual. just subscribed. thank you.
Your videos on Ukraine have been outstanding. I am just going back and starting to watch some of these videos from before the war. Very interesting and easy to understand. Thanks for your content from 🇬🇧
Thank you for sharing so much with us on your channel! One of the skills set you shared to equip with is Technical Analysis, do you have any TH-cam Channels or Books to share with us?
Absolutely love how you provide clear understanding of many moving things related to stocks/options and just genuinely honest!! Thanks so very much. Going to go through more videos now...
As always. Been following your Ukraine blogs. Wished I’d checked out these other blogs earlier. Your summary one of the better. When I watch yours and other TH-cam I reflect on where I made errors in the past … downside 30-40 years ago this info was not easy to access. THANK YOU.
Jake I love your channel. It’s been great starting point to learn the basics and a resource full guide on where to get more valuable information. Thanks for sharing
If I may add, not only is your playlist helpful and those other channels helpful, but actually practicing options and options strategies is helpful. I opened a TD Ameritrade account just to use their paper trading in Think or Swim. It's proven to be very helpful to practice, learn, and make mistakes without risking my own money. Highly recommend!
I've heard good things about TD Ameritrade's paper trading. I've never tried it, but since Schwab bought out TD, I'm hoping I get access to that sometime to try it out. Cheers!
Hey James! I like to buy to open at the money options 6 months out. My intention is always to sell to close them 2 months before expiration to avoid losing the rest of the theta value.
This video is incredibly informative, thank you!. You did a great job breaking down your criteria for stocks and how to get the data. This helped clarify some concepts I didn't understand, thanks for sharing.
Hey Richard! No, I did not. I just sold puts and sold covered calls a couple times to get the experience of it all. Selling is much lower risk that buying. But paper trading is a good idea if you are still learning the lesser know details!
That's the plan John! I'm waiting for the fed to raise interest rates and as soon as the velocity of money in the economy slows down, it will be a great time to buy some puts!
@@JakeBroe I am kind of cautious now for any long term investing for myself nearing retirement. Have plenty of cash on side waiting for another possible deep like last March if it will ever get there. Either way, looking forward to learning more about trading options out longer than a few weeks with my Schwab account.
One of the most important videos I have seen. Wishing I saw this before losing a lot on PLTR CCIV FUBO etc. Big thank you Jake. One follow up question, How do u know when to baseball swing which stock. Do u keep checking all the 100 companies on a regular basis.
Hey Shiv! My next video will go more in depth with finding stocks. The answer now is that I have fractional shares of hundreds of companies in my brokerage account and every day I sort by biggest gainers or biggest losers and I just check a couple by looking at their charts and their fundamentals. When I find one I like, I make a buy!
Your discussion of fundamental stock analysis was extremely helpful. I took extensive notes and I plan to follow your example when evaluating stocks in the future.
This video is amazing! I am just getting started and I love the way you explain things. I just today converted my traditional IRA into a Roth, believing that I am going to really grow that money doing options. Then be able to take money out in retirement tax free. Is that what you are doing as well? Excellent content, love how you taught yourself all of this!
@jakebroe thanks for sharing an awesome video. In your video when you spoke about moving averages were you referring to simple or exponential moving averages
Great video .. we rarely see such good video about option buying. Can you provide some info about how do you select strik price and expiration while buying call ?
Hi Jake thank you for your videos. Can your share your thoughts about how to choose a right strike if you are buying a calls. Thank you in advance an greetings from Germany.
How does the stock’s P/E ratio compare to its historical levels AND industry benchmarks. For example, if technology stocks typically trade at an average P/E multiple of 20x, but the stock in question has a higher P/E than its historical average yet trades significantly below the industry standard (e.g., at a 5x P/E), this disparity could indicate a competitive disadvantage.
Jake I really appreciate you making all these educational videos. Can you please show us how, buy to open and sell to close on fidelity platform. thank you!
Jake, great videos, thanks! This video went over how you pick the stocks, but could you break down how you chose the options, strike, expiration, cost, etc?
Hey Mark! I cover all this in my videos in my options trading playlist, but I can make a video giving more to the point tips. That might be coming next week!
Great video Jake. What strategies do you like for your personal accounts? I am new at this and get a bit overwhelmed by all the different youtube opinions.
Good Work, Jake! I do pretty well in trading now (thanks to options) and am listening to this video again to take notes on your selection process. Also shared this vid with someone I like who's down about 25-30% since she began trading 😳 and has had a difficult time with the whole options experience. I think your common-sense approach will help her a lot, so, thanks for doing this, especially this particular series.
@@investandcyclecheap4890 , almost everyone in Congress is a millionaire who trades on insider information (which is legal for elected people of Congress). It has no chance of passing... so people who want to worry about a big nothing are free to do so.
Just subscribed. All your videos are presented clearly. In this one Adobe was $525 on 16Apr21and all the technical indicators and company financials looked good. After 16 Apr it immediately went below $525 until 10Jun21. Unless you bought at 2month or longer call you would lose. Yes, I agree all is risky buying options! I think selling Calls and Puts will be for me! Anyway fun to learn with your clear explanations and graphics!
Great video as always Jake! I've been investing for a few years now, and recently started dipping my toes into options. I bought calls recently that are expiring in a few weeks. Is it generally best to sell the calls when the stock price is running up, or exercise the options and sell the stock right after?
You started trading in beginning of 2020. Anyone including me could make money. I doubled my money starting in March 2020. I started investing March 2020. If I would have put all my money in the biggest winner and could have made so much more. NVAX 348%, NVDA 122%, CVNA 241%, PLL 119%, PLON 168%, SOXL 138%, YETI 180% these are my highest returns and many more. I had no previous experience. It was pure luck. It was a learning experience. They are long positions. I want to learn call and puts but definitely scarly to me. I have 183k in my acct. so I can do margin.
The Master!!!!!! I watched almost all of your teachings, some I even watched twice or more kakakaka and still not ready kakaka again....thank you thank you. I will post my first $1 profit someday kekekekekeke
Hey Jake! Can't tell you how much I appreciate your work on Y.T.. You have helped me out a lot. I have a burning question that relates to selling put options and when to "sell to close" Today I had 4 contracts with QQQ with a strike price of 367.50. This morning the stock fell a lot and I "sold to close" all four of my contracts right before QQQ dropped below my strike price. My account showed I was way up. I had a cost basis at 1.71 and I sold at 2.74. I still had until Friday before the contract expired and it was a week long 7 day contract. Instead of making the initial premium of 684.00, I sold and I "think" I made 1093.00 instead. Was this wise? Could I have done something else? Eventually the stock did drop below my strike price right after I "sold to close" my position. Thank you so much in advance Jake!
It's amazing to meet someone who also trade options and stocks in the stock market! I'd love to connect with you and learn more about your experience in the process of joining the military and trading options. I'm also interesting in joining the military after college this year and I'm trading stocks (options too). I have no previous experience in military.
Hi Jake. Great video like always. Few questions. Do you always go for 4 months out? Do you ever exercise the option? If not, when do you generally sell to close?
I like contracts that are 4-6 months out because you don't lose as much value to theta decay and you don't pay as much for extrinsic value. I also never exercise contracts I buy. I always sell to close them for a profit. Weird things can happen after hours when contracts start getting exercised and I'll let the brokerage firms settle all that. I don't want something glitching out and then my account is down $30,000 because of an error in stock moving around.
Hey FC! I buy to open my calls 4-6 months out and want to sell to close them 1-2 months before they expire. If I am selling calls or puts, then I sell something 2 weeks to a month out from expiration and sell it once I have 75% of the value.
Hey Jake, do you use a separate tracking website or software to keep up with the call dates on all of the options, or is there a way to set reminders on Scwhab's site? I am getting nervous about having too many and something falling through the cracks (ie. me forgetting that one is coming due within 30-60 days, and missing an opportunity to cash out like it seems like you have been doing. Thanks!
I'm learning some good stuff, Jake. Love your transparency too. BTW, you mentioned there were only about 100 stocks you'd consider. Did you screen the entire S&P 500 one at a time or did you se a screener to find those key 100 stocks?
Absolutely agree with you, try, fail, make your analysis why you failed, make the necessary changes and try again, i was just losing and losing money with spreads but i found out why i was losing money and I made mi corrections, now I'm winning way more, last week I won the 4 positions I had i don't trade more than 5 positions, and I like time decay gains so that's why i love spreads so much but they are riskier than a regular call n put.
Thanks for watching everyone! If you found this video interesting, then give it a LIKE to support my channel! Also, you can check out my entire playlist for my brokerage account challenge here: th-cam.com/play/PLscTZuOqKWIyS6LKoVjC_fifTSiwrxdNV.html
Hey how long are your calls options? Like 6 months? A year?
What we have here is Jake ascending to level of chess gmaster while us passive investors are still playing checkers. Bravo good sir! Bravo
Thanks Alvin! I am trying my best to figure this out. I don't wanna work anymore, lol
Passively invest in gmasters :)
@@JakeBroe you’re not far from it!
You’re the most honest person on TH-cam my friend!
I truly truly appreciate that. 🙏🏼🙏🏼🙏🏼
Thanks so much Carlos! I try!
@@JakeBroe I think you should plan a study session for ur subscribers on zoom meeting.
@@JakeBroe Jake just found your channel. Can you make some more Investment videos? I suspect dark times ahead.. now that we are in 2024 as you know.. would love to learn about leaps more .. and focus on something that would be helpful to me .. and keep my mind occupied. Thank you Jake !
I remember you making the first video and I scoffed thinking you couldn’t double but clearly you’re good at this. I know it’s extremely speculative but this is so exciting to watch
Haha! Well, I was equally prepared to blow up my account and then make videos about it. I am hoping I can hit 100% gain in my Schwab account this week so I can stop documenting everything. It's been a tad stressful the last 4 months!
This is amazing. No bs, just straight education and sharing your experience. I look forward to more of your videos now.
i'm going to sound like a 'groupie', I know, but Jake, the quality of your video teaching is outstanding. I think you win the 'Internet All-Comers Trophy'.
Bravo to you for just sharing your knowledge with us. No pressure. No affiliate program. Just great videos.
Thanks for watching Gyl! I'm just here to talk about finance and investing with people, haha. No pressure!
I wish you would do investment videos again. They were great, honest and extremely educational.
aGREE ! we need to request some on his newer videos.
One of the best overall concise explanations of active trading you will find on TH-cam.
Thanks!
Thanks for the incredible support Southwest H&C! I greatly appreciate it! Cheers!
Hi Jake. I have been watching your channels for awhile. You are one of the best! Clear and simple.
Louisa
Huh
Imagine my surprise when I didn't hear "Hello defenders" !
Great work by the way
I’m just really trying to study and learn Bc this is amazing to me 🤓
Thanks LOVE! Cheers!
Jake I really appreciate you making all these educational videos. I love your honesty!
Thanks Wolfgang! I appreciate you supporting me and my content! Cheers!
I haven't seen one of your videos in a while but just wanna thank you for your tsp advice. I'm up 80k over the past year. My PIP is 62%!!!
That's awesome Sabry! Glad your accounts are looking solid!
I like you channel because you aren't trying to sell anything, but just provide information. I appreciate that very much. I am trying to learn more about shorting and options, but there isn't a lot of Good videos on it.
Jake - can you talk about how you pick your strike price and how you set the date of your call options? Great video, congrats!
I always just go with the closest OTM strike price and select an expiration date 4-6 months out. My intention always being to sell to close it before the last 1-2 months.
So impressive Jake! This has been fun to watch!
Thanks for watching Simone! Cheers!
Here comes another good presentation.I do appreciate your time, honesty,passion,energy and humble enough to share this educative information to all of us.Thank you Jake.
Thanks henry! Cheers!
Jake is the man! He makes it easy to understand and as a bonus even shows how to use the actual interface.
That's what I am here for Colton! Cheers!
I'm fine with boring stocks as long as they make me money. Thank you for all the information.
Same Jose! I was boring and predictable stocks that I can leverage and make money off of.
I basically learned how to trade options from this playlist. I cannot thank you enough for all of your work Jake! You're the muthaf$#$in man!!! 👏🏾👏🏾👏🏾
how is it going for you now?
@@yvnnewd9217 I was making money for a short time but gravitated towards trading futures contracts bc it aligns with my lifestyle quite nicely. I plan on coming back to options by doing the wheel strategy sometime in the future tho.
Your channel is absolutely great, very clear, thank you!
Thanks Sol! I appreciate that!
This video is worth its weight in gold, job well done sir. It took me weeks to find this kind of information, keep it up buddy!
Thanks Dale! Glad you found the channel! Welcome!
Just keep doing what you’re doing! Your system is returning good results. No need for greed. Obviously no need to deviation at this point. Good job!!!
Thanks Dave! I'm doing my best!
Thanks Jake I am going to binge your options playlist and put in some time to learn how to do this.
Haha, you've been with me this long deadleague, so I feel like you are smart enough to pick it up. Cheers!
@@JakeBroe I’ve definitely learned a lot from you. Thanks Jake!
such valid and vital info share - well done Jake!!!
Thanks Garth! Cheers!
hey jake. you are one of few youtubers with qualitative content. sharp helpful and right on the point. great video as usual. just subscribed. thank you.
Your videos on Ukraine have been outstanding. I am just going back and starting to watch some of these videos from before the war. Very interesting and easy to understand. Thanks for your content from 🇬🇧
The best channel on finances on TH-cam. Advertising it on Reddit lately, as it worth it.
Thank you so much Mila! I greatly appreciate the support! Cheers!
Thank you for sharing so much with us on your channel! One of the skills set you shared to equip with is Technical Analysis, do you have any TH-cam Channels or Books to share with us?
Absolutely love how you provide clear understanding of many moving things related to stocks/options and just genuinely honest!! Thanks so very much. Going to go through more videos now...
As always. Been following your Ukraine blogs. Wished I’d checked out these other blogs earlier. Your summary one of the better. When I watch yours and other TH-cam I reflect on where I made errors in the past … downside 30-40 years ago this info was not easy to access. THANK YOU.
so glad i saw your channel! thx you jake!
Thanks OMG! Glad you found my channel as well! Cheers!
Jake I love your channel. It’s been great starting point to learn the basics and a resource full guide on where to get more valuable information. Thanks for sharing
If I may add, not only is your playlist helpful and those other channels helpful, but actually practicing options and options strategies is helpful. I opened a TD Ameritrade account just to use their paper trading in Think or Swim. It's proven to be very helpful to practice, learn, and make mistakes without risking my own money. Highly recommend!
I've heard good things about TD Ameritrade's paper trading. I've never tried it, but since Schwab bought out TD, I'm hoping I get access to that sometime to try it out. Cheers!
Thank you for sharing. Your investiment strategy makes lots of sense.
This is one of my favorite channels to keep up on. About how far out do you typically buy your call options for companies like these?
or rather how are you determining how far out your expiration dates are
Hey James! I like to buy to open at the money options 6 months out. My intention is always to sell to close them 2 months before expiration to avoid losing the rest of the theta value.
Congrats on all the gains, Jake!
Thanks Hudson! Cheers!
Your videos were very informative and the narration in very simple words and I found it very very useful. Thanks Jake. Continue the good work.
Thanks stabys! I appreciate it!
Congrats Jake! That is amazing!!!!!
Thanks Bangpaulxu! Cheers!
This video is incredibly informative, thank you!. You did a great job breaking down your criteria for stocks and how to get the data. This helped clarify some concepts I didn't understand, thanks for sharing.
Awesome! Glad it was easy to understand Kevin. Cheers!
Jake , i definitely a NEW SUBSCRIBER ,
Honest advice and a lot of knowledge , thank you
Jake, did you use a Paper Trading sim to test strategy before jumping in with cash? Great job on the videos.
Hey Richard! No, I did not. I just sold puts and sold covered calls a couple times to get the experience of it all. Selling is much lower risk that buying. But paper trading is a good idea if you are still learning the lesser know details!
Lot depends on the market also. The good thing about options is even in a bear market, you can make great money with puts.
That's the plan John! I'm waiting for the fed to raise interest rates and as soon as the velocity of money in the economy slows down, it will be a great time to buy some puts!
@@JakeBroe I am kind of cautious now for any long term investing for myself nearing retirement. Have plenty of cash on side waiting for another possible deep like last March if it will ever get there. Either way, looking forward to learning more about trading options out longer than a few weeks with my Schwab account.
You need to start again a new challenge..... it would be great for a lot of people that are starting like me...
Can you do a video on technical/chart analysis in the most simplest terms for beginners?
This is the *exact* video I have been scouring the past days for on youtube. Thank you, Jake
Enjoyed your video. You deserved to be a professor. You gave indepth and honest assessement for making money using basic skill sets. Thank you.
honest work simple explanations! you’ll be st 100k subs in no time thanks for the learning
Thanks cam! I sure hope so! We'll see!
One of the most important videos I have seen. Wishing I saw this before losing a lot on PLTR CCIV FUBO etc.
Big thank you Jake. One follow up question, How do u know when to baseball swing which stock. Do u keep checking all the 100 companies on a regular basis.
Hey Shiv! My next video will go more in depth with finding stocks. The answer now is that I have fractional shares of hundreds of companies in my brokerage account and every day I sort by biggest gainers or biggest losers and I just check a couple by looking at their charts and their fundamentals. When I find one I like, I make a buy!
Your discussion of fundamental stock analysis was extremely helpful. I took extensive notes and I plan to follow your example when evaluating stocks in the future.
Day and swing trading is actually some of the safest trading if you do it safely and don’t trade directionally and stick to the indexes
Thank you, Jake. I really appreciate you sharing for no other reason than to help the rest of us understand
I'm here to learn and share what I learn! Just happy to be here and have people with me. Cheers!
Jake Great Video as always 👏🏾. Thanks for your help!
Thanks for the support C! Cheers!
Oh my... you are so honest and clear! God richly bless you!
@ 3:02 “ i know people don’t want to binge this entire playlist”
Hold my beer. 😂
Haha, thanks Misael! You're an allstar!
I’m not ready to do this myself but good for you Jake!
Thanks Robert! Cheers!
This video is amazing! I am just getting started and I love the way you explain things. I just today converted my traditional IRA into a Roth, believing that I am going to really grow that money doing options. Then be able to take money out in retirement tax free. Is that what you are doing as well? Excellent content, love how you taught yourself all of this!
Well done sticking with and trusting your process. 👍🏽
That's all I can do Gary! Everything else just doesn't make sense to me. Cheers!
@jakebroe thanks for sharing an awesome video. In your video when you spoke about moving averages were you referring to simple or exponential moving averages
Jake, I like how you do that! Thank you for sharing your tips.
More tips coming in the next video! So much to say!
Great video .. we rarely see such good video about option buying.
Can you provide some info about how do you select strik price and expiration while buying call ?
Hi Jake thank you for your videos. Can your share your thoughts about how to choose a right strike if you are buying a calls. Thank you in advance an greetings from Germany.
How does the stock’s P/E ratio compare to its historical levels AND industry benchmarks. For example, if technology stocks typically trade at an average P/E multiple of 20x, but the stock in question has a higher P/E than its historical average yet trades significantly below the industry standard (e.g., at a 5x P/E), this disparity could indicate a competitive disadvantage.
Jake I really appreciate you making all these educational videos. Can you please show us how, buy to open and sell to close on fidelity platform. thank you!
Pretty impressive Jake. This is a good share. Thanks!
Always happy to share what I learn! Cheers Turtle!
Great video Jake. Thanks for sharing..
Thanks for watching Yogesh! Cheers!
Going through all of your options videos. Thank you
Jake, great videos, thanks!
This video went over how you pick the stocks, but could you break down how you chose the options, strike, expiration, cost, etc?
Hey Mark! I cover all this in my videos in my options trading playlist, but I can make a video giving more to the point tips. That might be coming next week!
Great video Jake. What strategies do you like for your personal accounts? I am new at this and get a bit overwhelmed by all the different youtube opinions.
Good Work, Jake! I do pretty well in trading now (thanks to options) and am listening to this video again to take notes on your selection process. Also shared this vid with someone I like who's down about 25-30% since she began trading 😳 and has had a difficult time with the whole options experience. I think your common-sense approach will help her a lot, so, thanks for doing this, especially this particular series.
Awesome! Thanks for the support and sharing my content Vicki! Cheers!
Very concise video, I learned a lot.
Awesome! Thanks for watching!
thanks Jake, its been great watching your success!
Thanks Dan! I appreciate the support!
@@JakeBroe do you have any thoughts on President Biden's possible capital gains bill?
@@investandcyclecheap4890 , almost everyone in Congress is a millionaire who trades on insider information (which is legal for elected people of Congress). It has no chance of passing... so people who want to worry about a big nothing are free to do so.
It is really really a very good guideline to start with. Thanks!
Just subscribed. All your videos are presented clearly. In this one Adobe was $525 on 16Apr21and all the technical indicators and company financials looked good. After 16 Apr it immediately went below $525 until 10Jun21. Unless you bought at 2month or longer call you would lose. Yes, I agree all is risky buying options! I think selling Calls and Puts will be for me! Anyway fun to learn with your clear explanations and graphics!
Thanks Jake this was very helpful
Thanks for watching Therese! Cheers!
You the GOAT!
Takes one to know one Naam! Cheers!
Great video as always Jake!
I've been investing for a few years now, and recently started dipping my toes into options. I bought calls recently that are expiring in a few weeks. Is it generally best to sell the calls when the stock price is running up, or exercise the options and sell the stock right after?
What do you mean when you say all four moving averages line up?
Jake, outstanding overview!
Thanks Fernando! Cheers!
You started trading in beginning of 2020. Anyone including me could make money. I doubled my money starting in March 2020. I started investing March 2020. If I would have put all my money in the biggest winner and could have made so much more. NVAX 348%, NVDA 122%, CVNA 241%, PLL 119%, PLON 168%, SOXL 138%, YETI 180% these are my highest returns and many more. I had no previous experience. It was pure luck. It was a learning experience. They are long positions. I want to learn call and puts but definitely scarly to me. I have 183k in my acct. so I can do margin.
How do you select how many months out you are going with your calls?
The Master!!!!!! I watched almost all of your teachings, some I even watched twice or more kakakaka and still not ready kakaka again....thank you thank you. I will post my first $1 profit someday kekekekekeke
Thanks Tran! You'll get there someday! Cheers!
Hey Jake! Can't tell you how much I appreciate your work on Y.T.. You have helped me out a lot. I have a burning question that relates to selling put options and when to "sell to close"
Today I had 4 contracts with QQQ with a strike price of 367.50. This morning the stock fell a lot and I "sold to close" all four of my contracts right before QQQ dropped below my strike price. My account showed I was way up. I had a cost basis at 1.71 and I sold at 2.74. I still had until Friday before the contract expired and it was a week long 7 day contract. Instead of making the initial premium of 684.00, I sold and I "think" I made 1093.00 instead.
Was this wise? Could I have done something else? Eventually the stock did drop below my strike price right after I "sold to close" my position.
Thank you so much in advance Jake!
It's amazing to meet someone who also trade options and stocks in the stock market! I'd love to connect with you and learn more about your experience in the process of joining the military and trading options. I'm also interesting in joining the military after college this year and I'm trading stocks (options too). I have no previous experience in military.
your stock picking criteria is very good thank you for your video, im going to mirror your system
Can I buy less than a 100 shares or is that the minimum? (for covered calls)
Thanks Jake. Still learning dude
great informative content. I don't have the dollars to invest much, but I am trying. You are the best!
Thanks Henry! I appreciate that!
What were your 3 main strategies?
Jake!!! Good info once again.
Thanks Bobby!
great explanation of what you went over :)
Hi Jake. Great video like always. Few questions. Do you always go for 4 months out? Do you ever exercise the option? If not, when do you generally sell to close?
I like contracts that are 4-6 months out because you don't lose as much value to theta decay and you don't pay as much for extrinsic value. I also never exercise contracts I buy. I always sell to close them for a profit. Weird things can happen after hours when contracts start getting exercised and I'll let the brokerage firms settle all that. I don't want something glitching out and then my account is down $30,000 because of an error in stock moving around.
How long do you hold your stock on options?
Hey FC! I buy to open my calls 4-6 months out and want to sell to close them 1-2 months before they expire. If I am selling calls or puts, then I sell something 2 weeks to a month out from expiration and sell it once I have 75% of the value.
Hey Jake, do you use a separate tracking website or software to keep up with the call dates on all of the options, or is there a way to set reminders on Scwhab's site? I am getting nervous about having too many and something falling through the cracks (ie. me forgetting that one is coming due within 30-60 days, and missing an opportunity to cash out like it seems like you have been doing. Thanks!
Hey Ben! Not that I know about. I am sure some kind of service exists. I only have 14 positions, so I feel like that is easy to check and track.
I'm learning some good stuff, Jake. Love your transparency too. BTW, you mentioned there were only about 100 stocks you'd consider. Did you screen the entire S&P 500 one at a time or did you se a screener to find those key 100 stocks?
Best video on stocks by far
Absolutely agree with you, try, fail, make your analysis why you failed, make the necessary changes and try again, i was just losing and losing money with spreads but i found out why i was losing money and I made mi corrections, now I'm winning way more, last week I won the 4 positions I had i don't trade more than 5 positions, and I like time decay gains so that's why i love spreads so much but they are riskier than a regular call n put.
For sure! Everyone has to weigh the risks and rewards. But you can't stop learning! The only constant about the market is change.
Hey Jake just wondering if any of your criteria has changed since you made this video? Thanks
Jake, I bet we would be friends - always enjoy your thoughts and candor